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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (3703)	4/6/2004 2:34:50 PM
From: mishedlo	Respond to of 116555

Fuck stocks. This market can get to 2400 for all I know. Ewave is actually pointing up. Watch the bank stocks take off if the market thinks a rate hike is so much as delayed for even an extra month. Screw it. I am sticking to what I am doing but may occasionally daytrade the mini-dow or naz. M

To: yard_man who wrote (3703)	4/6/2004 2:44:09 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Poole: Fed will take action when inflation risks change By Corbett B. Daly WASHINGTON (CBS.MW) -- While it does not maintain a specific inflation target, the Federal Reserve's key policymaking Federal Open Market Committee is determined to keeping prices stable, said William Poole, president of the St. Louis Fed. "The FOMC has never defined 'price stability' numerically, but its commitment to price stability is not in doubt," said Poole, according to the text of speech to the University of Arkansas at Little Rock. The hawkish Fed president said the FOMC is committed to taking aggressive action "when inflation risks change, either up or down." Poole noted that the most recent statement from the FOMC declared that the current risks to inflation and deflation "are almost balanced."